Man... Biscuit Jake gave you a lot of good info.. I would listen to your elders... Like my father they have been doing it for a long time and know a lot more than I do...

One thing he said was to store your gun barrel down, Like the older people I hang around with... This was once the only way to keep all the crud out of your action, the new teflon lubricants don't require nearly the volume the old protectants do, you will only need a light coat. It is not a bad idea to store your gun "upside down" but there can be some side affects if you are not carefull. Make sure that you put a pad on the ground. Otherwise you might damage your crown (the tip of the barrel). If the crown becomes damaged it could affect the accuracy of the gun.

I personally store my guns upright, as do some of my younger friends... Everytime one of the old fella's come over the curse up and down at me and call me a moron... I, however, have never had a problem with any of these guns. I do take all of them out about every month to wipe them down though.

Again, Biscuit Jake, knows a lot more than I do, so if you end up storing it upside down, just make sure you protect the crown.